The Great Singapore Sale still a draw for shoppers - MasterCard
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Both local and visiting MasterCard cardholders combined to spend US$368.5 million over the first month of the Great Singapore Sale (GSS) from 29 May to 27 June 2009, an increase of 1% versus the same period last year. Overall, the number of transactions rose 14% to 3,151,586 this year.Tourist spending was up 3% compared to the same period last year, with visiting cardholders buying US$130.8 million worth of goods and services. Cardholders from the US, Australia, UK and Malaysia were the biggest spenders. Spend by Singaporean MasterCard cardholders was almost equal to last year, down only marginally by 0.2% to US$ 237.7 million. Transactions though were up 13%, indicating that local shoppers made a larger number of small-ticket item purchases in the first month of this year’s GSS.”True to our expectations, consumers are looking for great savings and big value in these trying economic times, and it is clear that they appreciate the effort that the retailers have put in to give them what they want in terms of discounts and promotions,” said Lau Chuen Wei, Executive Director, Singapore Retailers Association.
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